ON Semiconductor vs Spotify Technology — how do they compare? ON Semiconductor trades at $70.84 (market cap $27.67B), while Spotify Technology trades at $523.66 (market cap $108.68B). The key difference: Spotify Technology is far larger — about 3.9× ON Semiconductor's market cap. Which is the better fit depends on your goals.
| ON | SPOT | |
|---|---|---|
Market Cap | $27.67B | $108.68B |
Sector | Technology | Media |
52-Week High | $133.93 | $738.53 |
52-Week Low | $44.90 | $412.75 |
Enterprise Value | $28.29B | $98.31B |
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Spotify (SPOT) trades at $528.64, down 2.54% on the day, but maintains a bullish technical outlook with strong fundamental momentum. The company reported record profitability with net income reaching $2.21 billion in 2025, representing a 12.87% margin, while revenue grew to $17.19 billion. Recent news highlights a $1.5 billion share repurchase authorization and ongoing subscriber growth, though Q2 2026 earnings missed expectations.
The stock presents a compelling growth story with expanding margins and positive cash flow generation, but faces valuation risks with a P/E of 28.61. Analyst consensus remains bullish with a $590.29 price target, representing 11.7% upside potential. Key risks include execution pressure to justify premium valuation and competitive threats in the audio streaming space.
Trailing returns across standard periods
Latest headlines on both assets
Onsemi develops power and sensing semiconductors for automotive, industrial, and energy applications. Its products support functions such as electric vehicle systems, energy conversion, automation, and intelligent sensing.
Read more on ON →Spotify Technology S.A. provides music streaming services. The Company offers commercial-free music and ad-supported services to subscribers. Spotify Technology serves clients worldwide.
Read more on SPOT →